International Legal and Ethical Issues
LAW/421
December 18,2012

International Legal and Ethical Issues Our society is involved in a global economy that deals with many countries, cultures, business ethics, monetary differences, and government policies. International transactions are made daily through legal channels that are set up to provide a smooth transition between entities. Provisions of legal guidelines assist in providing the parties parameters of acceptable and unacceptable behavior and consequences in respect to legal disputes of transactions.
International transactions may include joint ventures, contract negotiations, employee wage compensation, enforcement of corporate contracts, merger and acquisitions, complex litigation, taxes, securities, and many more corporate decisions. The complexity of International law is best served with counsel that is knowledgeable on international affairs, and government policies. Bilingual counsel in several languages is a great asset to the business team as this provides translation effectiveness for a fairer representation in legal matters. International law is a very different forum of law due to the fact it does not have a governing body or set of laws to follow. International law is negotiated between different countries and the policies and laws of each country to meet a satisfactory line of agreement between the two entities.
International law encompasses a collection of agreements, treaties, charters, and protocols to facilitate the governing of international disputes and resolution. There are three main parts to international law, these are considered to be principles of international law. The first being the Principle of Comity, that translates to a shared common principle, idea, or policy. The second principle is the Act of State Doctrine; this principle respects a nation as sovereign in its own territory, and official domestic actions cannot be questioned. The third principle is the Doctrine of Sovereign Immunity of which deals with actions brought against another country and prevents the sovereign nation from being tried with out consent (hg.org 2012).
In the case of CadMex and a sublicensing agreement, there may be underling obstacles when dealing with governing policies and the unknown regulations of the other party. CadMex may present themselves to a difficult situation by not understanding the exchange of monetary means or contractual limitations and expectancy of the agreement. The parties involved may not have the expertise to negotiate in a way that is fair to both sides of the contract agreement.
Providing a service abroad has many challenges when dealing with not only the governing country and legal system but also with customs, religions, business ethics, and local laws and language. When differences arise within a multicultural joint venture in another land it is within that country that policies, rules, and local law prevails. This is understood under the international laws principle number two as titled Act of State Doctrine that states a nation is sovereign in its own territory. International business is a balancing act of upper management with great expertise in international business. It is in the best interest of the visiting company to understand and comply with local governments policies and procedures including local customs.
With the advancement of technology, international business relationships have a great potential for advancement in product and services growth. It is this growth in relationships across borders where new advancements and revenue growth may develop and grow monetarily for the best interest of the parties involved. Developing a multi-culture entity for a positive outcome requires knowledge and language skills, understanding local customs and laws, and the business culture with which to partner with. Both parties must come to the table with an open mind and realistic view of the potential business future of both companies. Having the mentality of a flexible team environment that is willing to work together is always in the best interest of both parties. Providing some insight to potential obstacles through historical patterns will provide a benchmark of which to work from, enabling both parties to come to terms on fair terms.
There are many international business relationships that are proof of a well balanced service oriented venture that adheres to the international law of principles and works together for a healthy joint venture.

References
Glogal Legal Resources. (2012). International Law. Retrieved from http://hg.org/international-law
Melvin, S. (2011). The legal environment of business. A managerial approach. New York, NY: McGrawHillErwin.